Innoviz gains attention with agreements and potential for growth in self-driving car industry

From Yahoo Finance: 2025-06-18 13:26:00

Innoviz (INVZ) gains attention as Tesla prepares to launch robotaxi services in Austin, boosting interest in self-driving car stocks. Innoviz secures agreements with Cogniteam and a global automaker, driving shares up by 20%. The company will supply its LiDAR system for a Level 3 autonomous vehicle in 2027, positioning itself for mass-market automotive production. Collaboration with Cogniteam integrates AIoT analytics into InnovizSMART Long-Range LiDAR, expanding revenue streams into security and surveillance markets. Wall Street analysts see further upside potential with a consensus “Strong Buy” rating and a mean target of $2.41, indicating an 80% potential increase.



Read more at Yahoo Finance: This Self-Driving Car Stock Is Heating Up as Tesla Puts the Spotlight on Robotaxis. Should You Buy It Here?